Torrent Power registers a profit of Rs 12.96 billion in 2020-21

Torrent Power Limited has recorded a net profit of Rs 12.96 billion and income of Rs 123.14 billion for the year ended March 2021.

Torrent Power has registered a declineof 10.88 per cent in the consolidated total income over Rs 138.18 billion recorded last year. However, the company’s net profit has increased by 9.92 per cent to Rs 12.96 billion from Rs 11.79 billion during the same period. During 2020-21, the company emerged as the highest bidder for the acquisition of a 51 per cent stake in the power distribution company in Dadra & Nagar Haveli as well as Daman & Diu.

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